Next Stop: Bank of America Dividend?

BlackRock announced a $2.55 billion deal to buy back the remaining stake held by Bank of America.

BofA already sold last fall a big swath of BlackRock stock it had owned. The earlier sale was one of the last amounts of capital Bank of America needed to fully reach the terms of its TARP exit. (Reminder: Merrill Lynch owned a stake in Larry Fink’s BlackRock. BofA inherited the investment when the bank bought Merrill, averting the investment bank’s imminent collapse.)

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